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Gazprom to Challenge Lithuanian Court’s Defiance of Arbitration

Dec. 18 (Bloomberg) -- Co. plans to challenge Lithuanian Court of Appeal ruling on refusal to recognize July decision by Stockholm arbitration court, Gazprom says in statement. * Co. says Lithuania violating foreign investor rights,

questions country’s willingness to fulfill international

obligations * NOTE: See Dec. 17 story: Lithuanian court refused to

recognize Stockholm court decision that shareholders’

agreement precluded govt from suing Gazprom in national

courts * NOTE: Court of Appeal said its decision could be appealed to

Lithuania’s Supreme Court within 30 days * NOTE: Lithuania has sought help of courts to force gas

utility Lietuvos Dujos to negotiate a better price for

natural gas from Russia, country’s only source of the fuel * NOTE: Gazprom, EON control Lietuvos Dujos; Lithuania’s

Energy Ministry owns 18%

Story Link:NSN MF6NLZ6K5127<GO>

For Related News and Information: First Word scrolling panel: FIRST<GO> First Word newswire: NH BFW<GO> Stories on Lithuania:NI LITHUANIA <GO> Eastern Europe: EEUT <GO> For Baltic Economic News: TNI BALTIC ECO BN <GO>

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